RESERVE BANK OF INDIA

Capital / Liquidity

RBI Sets Capital Requirements for Operational Risk

By Ranamita Chakraborty | 04/07/2023

Commercial banks in India will be required to explain their policies, frameworks, and guidelines for managing operational risk.

Market Infrastructure

SEBI Issues Rules Requiring CRAs to Name Uncooperative Issuers

By Sanday Chongo Kabange | 03/07/2023

SEBI has issued new rules to address the growing number of issuers refusing to provide information to CRAs to properly assess their credit risk.

Fintech / Regtech

RBI Launches New Centralised Information Management System

By Sanday Chongo Kabange | 03/07/2023

The new system uplifts the RBI’s ability to handle large data flows, aggregate data, perform analysis, disseminate information to the public, and engage with reporting entities.

Enforcement

RBI Fines Credit Information Companies for Data Non-Compliance

By Ranamita Chakraborty | 28/06/2023

India’s central bank has taken collective action for the first time against all four credit information companies.

Fintech / Regtech

Philippines, India Agree to Collaborate on FinTech Regulation

By Ranamita Chakraborty | 21/06/2023

Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.

RBI Expands Scope of TReDS to Facilitate Access to Financing

By Ranamita Chakraborty | 14/06/2023

TReDs platforms, which enable MSMEs to obtain financing for trade receivables, will have a larger pool of financiers as well as an insurance facility.

RBI Asks CRAs for Information on Uncooperative Firms – Report

By Sanday Chongo Kabange | 14/06/2023

About half of the 40,000 companies rated in India do not share information with credit rating agencies.

India, Myanmar to Start Using Rupee for Trade Settlements “Soon”

By Editors | 13/06/2023

The RBI has so far authorised Punjab National Bank to open a special rupee vostro account for foreign trade settlements with Myanmar.

Fintech / Regtech

India in Talks to Extend UPI’s Reach to Gulf Countries 

By Editors | 13/06/2023

India’s NPCI, with support from the RBI, is in talks to establish bank-to-bank transfer systems for cross-border remittances to Bahrain and Saudi Arabia.